Hippo Holdings Lowers Q4 Sales Guidance from $118.000M-$121.000M to $117.000M-$120.000M vs $122.100M Est
Benzinga Newsdesk 12 months ago
NewsGuidance
Guidance UpdateThe following Guidance update is based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set
Guidance Update
The following Guidance update is based on current expectations. The following statements are forward-looking and actual results could differ materially depending on market conditions and the factors set forth under "Forward-looking statements safe harbor" below.
| Q1 | Q2 | Q3 | Q4 | Updated | |||||
| Actual | Actual | Actual | Guidance | 2025 FY Guidance | |||||
| ($ in millions) | |||||||||
| Gross Written Premium | $ 210.9 | $ 298.6 | 311.2 | $269-289 | $1,090-1,110 | ||||
| Revenue | 110.3 | 117.3 | 120.6 | $117-120 | $465-468 | ||||
| Net Loss Ratio | 106 % | 47 % | 48 % | 55-60% | 63-64% | ||||
| Net Income (Loss) | (47.7) | 1.3 | 98.1 | $1-5 | $53-57 | ||||
| Adjusted Net Income (Loss) | (35.1) | 17.0 | 18.3 | $10-14 | $10-14 | ||||